In December 2019, major cryptocurrency exchange Binance started allowing users to purchase crypto directly through Visa credit and debit cards.
The customers can use this method after they bind their accounts to Visa cards issued within the European Economic area. But, the exchange plans to expand to other regions.
In that context, Binance announced that it will now allow its users to use their Visa cards to buy BNB, BTC, XRP, and ETH using the Russian Ruble (RUB).
Users are advised to visit the “Buy Crypto” page to access the new service. They can then select an amount of RUB that they want to spend and then click next, then click “Add Card” to bind their Visa card.
After a Visa card has been added, users can directly buy the tokens mentioned above. However, Binance reminds users that:
- They can complete their crypto purchases within a minute without having to deposit first.
- RUB is a fiat currency, and it does not represent any other digital currencies.
The Binance team said that the support for MasterCard and several other currencies would be added soon. Clients are advised to keep checking for more information and developments.
Binance ended the announcement with a risk warning stating that cryptocurrency trading is highly risky. Users are advised to execute their trades cautiously. The platform will always strive to select high-quality coin combinations but will not be held accountable for any user’s trading losses.
